discussion –
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What are some of the unavoidable ethical dilemmas in your current business or practice? You can use the hypothetical on a lawyer’s primary responsibility to begin this discussion. This hypothetical will be available to you prior to this class meeting. |
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1.5-2pgs –
Write a reflection on an ethical dilemma that you read about in the newspaper or learned about in your industry–or pick one of the following companies: Amazon, Apple, Facebook, Google, Equifax, Satyam, Volkswagen, or one of your favorite companies like Wells Fargo or others.
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Discussion –
What are the differences between a whole life and term policy?
How would you explain to a client the pros and cons of acquiring a variable life policy as opposed to a non-variable policy?
If a client owns a variable life policy and wants to exchange it for a whole life non-variable, how would they do that and what would be the tax consequences?
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Write a memo to client –
A client has $10 million estate composed of predominately the client’s house, investment real estate, part interest in a family limited liability company with limit reserves of cash or securities. The client has increasing current income enabling an increase in the savings rate.
Please write a memo to the client advising them of the estate planning benefits of using life insurance as part of their ongoing estate, retirement and long-term care plan. Don’t forget to advise on potential disadvantages.
**I will upload the relevant information after acceptance**